Eagle Rock had and emergency hearing Tuesday for 34-14n-9w Canadian county I was just wondering if anything came of it. Thanks!
BOPD = Barrel of Oil Per Day
MCFPD = Thousand cubic feet per day (gas) Solid in 1000 cubic feet for about $3.00.
Grady County
Section 5 no permits this year
Section 6 no permits this year
Section 31 2 permits - 1 7N 5W, 1 9N 5W
Section 32 4 permits - 2 5N 5W, 1 7N 5W, 1 7N 6W
Cleveland County has had 32 permits since the first of the year. What is the section etc of your mineral interest in Cleveland county?
No permits in section 23, but in 25, 26, 27, 28, 30, 31 34 , and 36 have had permits.
The hearing might have had something to do with this:
6/7/2012 - G30 - DUE TO THE KNOWN POTENTIAL RISK OF ENCOUNTERING AN OVERPRESSURED
ZONE IN THE MORROW SERIES IN THIS AREA, THE TECHNICAL MANAGER
RECOMMENDS SETTING AN INTERMEDIATE STRING OF CASING IMMEDIATELY ABOVE THE
MORROW SERIES.
Daniel, I think they were applying to drill because the emergency hearing said that they had a rig ready to go now, and needed the permits, I was wondering if they were approved. Thank you for anything you have to offer its highly appreciated.
Thanks so much for the information!
Thanks for the information Daniel.
Vickie, there are two leases in Grady 5N-7W which went for 300.00 Per Acre, and 6N-7W is leasing at 800.00 Per Acre. I dont know if this is a good price, it is just what people around you are doing.
Francis, are you going to take that?
How close do you need to be to producing well for it to impact the lease offer for your own sections?
Francine, Thanks for the info. I wonder which sections in 6N-7W were going for $800. I’ve leased in both of those sections within the last two years and only got $225 and $250/acre.
Any idea how close you need to be to a producing well or a section that was leased at a good price before it will affect the price of your section?
Victoria, I think you get paid what they can get you to accept. Some people are easy. Others not so much. I got them up to 2500.00 (2010 was a very good year) probly could have pushed for 2700.00 and got it. Or pushed to hard and been left out. Who knows? I do know my neihbors took substantialy less.
I can take alot Michael, sometimes more than 1000% 
i HAVE AN INTEREST IN A GAS WELL IN OKLAHOMA. THE LEASE WAS SIGNED IN 1976 AND THE WELL HAS BEEN PRODUCING SINCE 1981. HOWEVER, IT IS PRODUCING IS VERY LOW AND GETTING LOWER DUE TO OTHER WELLS BEING DRILLED IN THE SAME AREA. MY QUESTION IS: WHO DECLARES A WELL NON PROFITABLE SO THE LEASE CAN BE TERMINATED? I SURE HAVE NO DESIRE FOR THE CURRENT LEASE TO ALLOW ANOTHER WELL TO BE DRILLED SINCE THE LEASE ONLY PAYS 1/8 ROYALTY. ANY GREAT OIL AND GAS MINDS CARE TO COMMENT?(I HOPE SO)
William B-Your lease is good until the well stops producing no matter what the rate, You may be able to get some action with a lawer as mentioned below. Is your lease with one of the bigger operatiing companies in the Woodford Trend? If not, the company that has the lease is just keeping the well going and hoping one of the bigger operators will come in and get what is called a “farm out” on your lease.
This farm out means that the company operating your well turns rights under that lease to a bigger operator to drill a possible Woodford shale well. You are stuck with your current lease and royalty and if a 'Woodford well is successfully drilled you will still get 1/8 royalty from that porducing well. The same lease you signed in 1976 will still be in force and classified as Held by Production (HBP).
Your only recourse at this point is to try to get the well abandoned. Then your lease ceases to exit. What depth is the well producing from? Do you know the name of the formation it is producing from? Look at your lease closely and see if there is a depth limitation clause in it. Many leases have a clause that limits the operating company to 100 feet below depth of the porducing formation. If you have this kind of clause and your well is producing from a formation above the Woodford shale those rights below the depth your well is producing may be considered open and be able to be leased below the formation of the producing well. If your production is below the Woodford shale formation then you are stuck with the current operating company. If your lease has no depth limitation clause the company operating your well has all rights as to depth as long as the well is producing no matter what the rate.
There could be a way out of your lease but it will take experienced legal help. Try to make a deal with the lawyer as described below were he does not get paid unless you gain some cash from a new lease.
If you attempt this get ready for a fight. The operating company now will not likely go away just because your lawyer writes a letter. Not in a play as active as the Woodford shale is now, even though it is slowing down because the the price decline in gas and oil.
Francis, You did good. I read a case where a land company took a beating on some leases that pooled for less than they paid for them.
Francis, thanks, this forum has been so helpful and I’m definitely going to get tougher now that I’m better educated.
Can someone who uses the OCC website explain something on the daily signing agenda (proposal order) what the far right column “Pro.” is indicating? There are a lot of N and very few Y under that column…does the N mean a no for that proposal? Thanks. I feel fortunate to have gotten this far on that site but I don’t know what it means.